Gaming Conference Presentation 2002
•
0 likes•109 views
The document discusses fraud detection and prevention at a casino. It outlines warning signs of potential fraud, such as drastic drops in key metrics without explanation, changes in management and personnel involving relatives or inexperienced hires, and irregular business decisions. The author develops a theory that management is colluding with players to artificially lower hold percentages by manipulating dealer assignments and shifts. After nearly a year of underperformance, new management is brought in and financial results improve, suggesting the previous management was defrauding the casino.
Report
Share
Report
Share
![Detection and Prevention of Fraud in Major League Table Games ,[object Object]](https://image.slidesharecdn.com/gamingconferencepresentation2002-12696384249083-phpapp02/85/Gaming-Conference-Presentation-2002-1-320.jpg)
![Introduction ,[object Object],[object Object],[object Object],[object Object]](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
Recommended
Spotting Fraud
This document discusses how to spot and prevent fraud in organizations. It outlines the fraud triangle of motivation, opportunity, and rationalization. Common motivations for fraud include job dissatisfaction, personal debts, and substance abuse issues. Organizations that are susceptible to fraud often have poor controls, little emphasis on rewards, and a general sense of malaise. The largest risk areas for fraud are billing and payroll. Financial clues that could indicate fraud include unusual ratios in sales, costs, inventory, expenses, cash, receivables, payables, and documentation. Steps for examining fraud include becoming aware, gathering evidence, determining scope, and evaluating options.
money management in gambling
Money management is a key is sports betting. Joe Duffy explains how great picks can be destroyed by bad money management. Get his sensational insight. He is CEO of OffshoreInsiders.com
DR Broucher - USA
Digital Revolution is a website design and development company that transforms ideas into user-friendly websites. They have expertise in website design, development, and SEO. They believe the online marketplace is a powerful marketing medium and offer various digital services. Their vision is for websites to have good design and structure, and their mission is to widely promote companies digitally through their core values of support, knowledge, learning, and creativity.
hris
Human resource information systems (HRIS) are used to collect, store, and analyze employee data. An HRIS systematically stores employee information to aid in planning, decision making, and reporting. It provides up-to-date and secure employee data at a reasonable cost. An HRIS is part of an organization's larger management information system and integrates HR functions with information systems to supply accurate human resource information to HR and line managers for decision making.
Pandillas.docx
Las causas principales que originan las pandillas son la desintegración familiar, la violencia social y familiar, y la pobreza, marginación y exclusión social. El microtráfico de drogas está relacionado con la pobreza, el desempleo y la falta de oportunidades, lo que lleva a los jóvenes a involucrarse. Existen diferentes tipos de pandillas como las de barrio, las barras bravas, las manchas escolares y las pandillas femeninas.
CV-KHAJA
Khaja Mohiddin Shaik has over 13 years of experience in IT and project management for Imperial Group of Hotels in Uganda. He was instrumental in designing and implementing the IT infrastructure and hospitality software for their portfolio of 6 hotels. He is now seeking assignments involving hospitality IT, service management, and Windows server environments.
Indian Aviation - Air India - Global Outlook 2009-19
This document summarizes the global aviation outlook from 2009 to 2019 and identifies key threats facing Air India. It notes that while the industry has proven resilient in the past, Air India faces significant challenges including a lack of accountability as a state-owned carrier, high costs, declining revenues, and strong competition from low-cost and global carriers. Without immediate action to introduce accountability, modernize operations, and implement a coherent long-term strategy, Air India risks further losses and may not remain viable beyond 2019.
Recommended
Spotting Fraud
This document discusses how to spot and prevent fraud in organizations. It outlines the fraud triangle of motivation, opportunity, and rationalization. Common motivations for fraud include job dissatisfaction, personal debts, and substance abuse issues. Organizations that are susceptible to fraud often have poor controls, little emphasis on rewards, and a general sense of malaise. The largest risk areas for fraud are billing and payroll. Financial clues that could indicate fraud include unusual ratios in sales, costs, inventory, expenses, cash, receivables, payables, and documentation. Steps for examining fraud include becoming aware, gathering evidence, determining scope, and evaluating options.
money management in gambling
Money management is a key is sports betting. Joe Duffy explains how great picks can be destroyed by bad money management. Get his sensational insight. He is CEO of OffshoreInsiders.com
DR Broucher - USA
Digital Revolution is a website design and development company that transforms ideas into user-friendly websites. They have expertise in website design, development, and SEO. They believe the online marketplace is a powerful marketing medium and offer various digital services. Their vision is for websites to have good design and structure, and their mission is to widely promote companies digitally through their core values of support, knowledge, learning, and creativity.
hris
Human resource information systems (HRIS) are used to collect, store, and analyze employee data. An HRIS systematically stores employee information to aid in planning, decision making, and reporting. It provides up-to-date and secure employee data at a reasonable cost. An HRIS is part of an organization's larger management information system and integrates HR functions with information systems to supply accurate human resource information to HR and line managers for decision making.
Pandillas.docx
Las causas principales que originan las pandillas son la desintegración familiar, la violencia social y familiar, y la pobreza, marginación y exclusión social. El microtráfico de drogas está relacionado con la pobreza, el desempleo y la falta de oportunidades, lo que lleva a los jóvenes a involucrarse. Existen diferentes tipos de pandillas como las de barrio, las barras bravas, las manchas escolares y las pandillas femeninas.
CV-KHAJA
Khaja Mohiddin Shaik has over 13 years of experience in IT and project management for Imperial Group of Hotels in Uganda. He was instrumental in designing and implementing the IT infrastructure and hospitality software for their portfolio of 6 hotels. He is now seeking assignments involving hospitality IT, service management, and Windows server environments.
Indian Aviation - Air India - Global Outlook 2009-19
This document summarizes the global aviation outlook from 2009 to 2019 and identifies key threats facing Air India. It notes that while the industry has proven resilient in the past, Air India faces significant challenges including a lack of accountability as a state-owned carrier, high costs, declining revenues, and strong competition from low-cost and global carriers. Without immediate action to introduce accountability, modernize operations, and implement a coherent long-term strategy, Air India risks further losses and may not remain viable beyond 2019.
Las bandas más peligrosas
El documento describe brevemente varias bandas criminales peligrosas alrededor del mundo, incluyendo el cartel de Sinaloa liderado por El Chapo Guzmán en México, la Yakuza japonesa, la mafia mexicana en Estados Unidos, los Latin Kings estadounidenses de origen latinoamericano, y la banda gitana Los Gipsy Kings en España.
006 newspaper chase
Harry Black steals a famous million-dollar painting from an art gallery. He hides the painting in an old newspaper under his bed at the rooming house where he lives. Janey, who lives at the rooming house, collects old newspapers and bottles for recycling. When she finds Harry's old newspaper under his bed and puts it in the recycling collection, Harry chases after the recycling truck trying to find the newspaper with his stolen painting inside.
Katowice aviation project.
This document provides an overview of Katowice International Airport in Poland. It discusses the airport's business model, ownership, development plans, characteristics, ground accessibility, market position, and catchment area. Katowice Airport is a regional, commercial service airport owned by the government and oriented towards passengers rather than cargo. The document analyzes the airport's current ground transportation options and deficiencies, and provides recommendations for improving accessibility in the future. It also examines approaches for determining the airport's catchment area, which is estimated to include 11 million people within a 100km radius.
Pandillismo
El documento define una pandilla como un grupo de amigos que se consideran como una familia y comparten creencias y formas de expresarlas. Explica que las primeras pandillas estaban involucradas en actividades criminales antes de que las drogas fueran ilegales, y que su participación en el tráfico de drogas aumentó en las décadas de 1970 y 1980. También describe diferentes tipos de pandillas, incluidas las pandillas de prisión, las maras y las pandillas militares.
Gaming Auditorium Article
The document discusses risks and controls that internal auditors should be aware of when auditing a casino's slot club function. It outlines key aspects of how a slot club operates and rewards patrons. It also identifies common risks such as employee and patron fraud, unauthorized system changes, and system malfunctions. The summary provides examples of audit procedures internal auditors can perform to evaluate risks like reviewing employee access logs, validating patron reward calculations, and testing system accuracy.
alianza vive
This document is a collection of photos from various photographers including Buscavientos, PROYECTO AGUA/WATER PROJECT, Ecuador Megadiverso, www.karlocamero.com, and Toni Castillo. It encourages the viewer to get started creating their own presentation using Haiku Deck on SlideShare.
Gaming Auditorium Article
The document discusses risks and controls that internal auditors should be aware of when auditing a casino's slot club function. It outlines key aspects of how a typical slot club operates and rewards patrons. It then describes common risks like employee and patron fraud, unauthorized system changes, and system malfunctions. The summary provides an overview of audit procedures internal auditors should perform to evaluate risks in the slot club's operations, system functions, employees, and patrons. These include walkthroughs, analyzing reports, testing accounts and transactions, and reviewing access controls and change logs. The goal is to help auditors identify control weaknesses and provide recommendations to mitigate risks.
Evolving for girls one welcome
A feminist viewpoint of evolutionary psychology: asks whether the study of mate choice could do with more female voices and ideas. The tone is relatively lighthearted, and intended to encourage debate in evolutionary psychology
Gustavo e gabriela
Johannes Gutenberg inventou a prensa de madeira na Alemanha no século XV, permitindo a cópia de páginas de texto e tornando os livros mais acessíveis. A invenção da prensa marcou o fim da era dos livros copiados à mão, que eram caros e raros, e iniciou uma revolução na comunicação ao difundir o conhecimento entre mais pessoas.
Triaxial accelerometer based fall detection method using a self-constructing ...
The document proposes a cascade-AdaBoost support vector machine (SVM) classifier to complete a triaxial accelerometer-based fall detection method. The method uses acceleration signals from daily activity data to calculate feature values from a sliding window as input vectors. The cascade-AdaBoost-SVM algorithm then self-constructs based on the training vectors, with each AdaBoost layer selecting optimal weak classifiers to form a strong classifier, accelerating testing processing speed by only using selected features. Experimental results using data from ankle, chest, and waist accelerometers showed the proposed method achieved the highest accuracy, detection rate, and lowest false alarm rate compared to other classifiers.
6.Materi Java Eclipse 6
This document discusses the key concepts of object-oriented programming (OOP) in Java, including abstraction, encapsulation, inheritance, and polymorphism. It defines each concept and provides examples. Abstraction allows a program to focus on core aspects without revealing implementation details. Encapsulation ensures users cannot change an object's state in an invalid way and only defined methods can access the state. Inheritance allows properties and methods from a parent class to be inherited and reused in child classes. Polymorphism allows the same message to produce different responses based on the object's type.
Financial Reporting Fraud Flags
This document discusses red flags that may indicate financial reporting fraud, including common fraud schemes, investigation techniques, and case studies. It identifies key red flags such as unusual journal entries, failing to meet debt covenants, lack of documentation, and resisting inquiries. The document advises developing evidence but avoiding accusatory questions, notifying counsel, and submitting a factual report once an investigation concludes.
Taller
El documento presenta información sobre segmentación de mercados. Discute los mercados más competitivos como el de teléfonos móviles, con Samsung, Apple y otras empresas como los principales vendedores. Proporciona tablas sobre las ventas de automóviles y bebidas no alcohólicas en el Valle del Cauca, identificando a Renault y la gaseosa como los líderes de mercado. También analiza cómo las empresas se ven afectadas por los factores macro y microeconómicos actuales en Colombia. Finalmente, incluye una ficha técn
A New Approach To Customer Service @ FR
The document discusses Ryanair's approach to customer service and proposes changes to create a more customer-focused culture. It analyzes the importance of customer service, how to create an excellent customer service culture through policies, training, and empowering employees, and how to implement cultural changes. Potential benefits of upgrading customer service include a more stable customer base and positive reputation, but costs may be high and the changes could dilute Ryanair's low-cost brand.
It Sizing for Aras on Azure, Hybrid or On-site Deployments
Presenter, Mike Butz Sr and Bill Bone, CloudSAFE
Learn about different application delivery options. Find out how to select and optimize IT infrastructure for the best cost/performance depending on different deployment scenarios. Hear best practices and real world case studies including how Aras uses CloudSAFE for their own private cloud operations.
Psychology and behavioral finance
Behavioral finance acknowledges that investors are not perfectly rational and takes into account psychological factors that influence behavior. Some common behavioral quirks exhibited by investors include overconfidence, loss aversion, anchoring, regret, and herding behavior. While laboratory experiments show evidence of these quirks, questions remain about whether they apply outside the lab and how they aggregate in financial markets. Herding behavior, where investors follow the actions of others, can potentially explain bubbles when many investors exhibit the same behavioral biases.
Nyft spresentation
Leigh A. Drogen is the founder and CEO of Estimize, which provides financial data and analytics. Some key points:
- Estimize aggregates earnings estimates from over 2,300 buy-side and independent analysts and sells this data.
- The platform allows users to rank and rate analysts based on the accuracy of their estimates and other statistical measures. It also allows filtering and alerting on consensus estimates.
- Raising funding for Estimize was challenging. Drogen emphasizes the importance of execution over ideas, hustle over skill, recruiting talent, and gaining investor belief during difficult periods of running out of money early on.
Peter Levitan - How To Negotiate
Most of us, including advertising agencies, do not know how to negotiate. This presentation provides a path to sucess.
Instilling the Right Credit Risk Culture
As the Comptroller's Handbook states, "a bank’s first defense against excessive credit risk is the initial credit-granting process, sound underwriting standards, an efficient, balanced approval process, and a competent lending staff." The start of a new year is the perfect time to review and improve your credit risk culture.
Garrett Morris, director of consulting at Sageworks, discussed the key elements of a strong credit risk culture, including:
-Three Ps of credit analysis
-Five Cs of credit
-Five Cs of data collection
-12 questions to ask at your institution
Director Risk Mgmt October 2009
This program was developed to assist individual directors in managing the risk of being a public company director in today's difficult economic and regulatory environment.
More Related Content
Viewers also liked
Las bandas más peligrosas
El documento describe brevemente varias bandas criminales peligrosas alrededor del mundo, incluyendo el cartel de Sinaloa liderado por El Chapo Guzmán en México, la Yakuza japonesa, la mafia mexicana en Estados Unidos, los Latin Kings estadounidenses de origen latinoamericano, y la banda gitana Los Gipsy Kings en España.
006 newspaper chase
Harry Black steals a famous million-dollar painting from an art gallery. He hides the painting in an old newspaper under his bed at the rooming house where he lives. Janey, who lives at the rooming house, collects old newspapers and bottles for recycling. When she finds Harry's old newspaper under his bed and puts it in the recycling collection, Harry chases after the recycling truck trying to find the newspaper with his stolen painting inside.
Katowice aviation project.
This document provides an overview of Katowice International Airport in Poland. It discusses the airport's business model, ownership, development plans, characteristics, ground accessibility, market position, and catchment area. Katowice Airport is a regional, commercial service airport owned by the government and oriented towards passengers rather than cargo. The document analyzes the airport's current ground transportation options and deficiencies, and provides recommendations for improving accessibility in the future. It also examines approaches for determining the airport's catchment area, which is estimated to include 11 million people within a 100km radius.
Pandillismo
El documento define una pandilla como un grupo de amigos que se consideran como una familia y comparten creencias y formas de expresarlas. Explica que las primeras pandillas estaban involucradas en actividades criminales antes de que las drogas fueran ilegales, y que su participación en el tráfico de drogas aumentó en las décadas de 1970 y 1980. También describe diferentes tipos de pandillas, incluidas las pandillas de prisión, las maras y las pandillas militares.
Gaming Auditorium Article
The document discusses risks and controls that internal auditors should be aware of when auditing a casino's slot club function. It outlines key aspects of how a slot club operates and rewards patrons. It also identifies common risks such as employee and patron fraud, unauthorized system changes, and system malfunctions. The summary provides examples of audit procedures internal auditors can perform to evaluate risks like reviewing employee access logs, validating patron reward calculations, and testing system accuracy.
alianza vive
This document is a collection of photos from various photographers including Buscavientos, PROYECTO AGUA/WATER PROJECT, Ecuador Megadiverso, www.karlocamero.com, and Toni Castillo. It encourages the viewer to get started creating their own presentation using Haiku Deck on SlideShare.
Gaming Auditorium Article
The document discusses risks and controls that internal auditors should be aware of when auditing a casino's slot club function. It outlines key aspects of how a typical slot club operates and rewards patrons. It then describes common risks like employee and patron fraud, unauthorized system changes, and system malfunctions. The summary provides an overview of audit procedures internal auditors should perform to evaluate risks in the slot club's operations, system functions, employees, and patrons. These include walkthroughs, analyzing reports, testing accounts and transactions, and reviewing access controls and change logs. The goal is to help auditors identify control weaknesses and provide recommendations to mitigate risks.
Evolving for girls one welcome
A feminist viewpoint of evolutionary psychology: asks whether the study of mate choice could do with more female voices and ideas. The tone is relatively lighthearted, and intended to encourage debate in evolutionary psychology
Gustavo e gabriela
Johannes Gutenberg inventou a prensa de madeira na Alemanha no século XV, permitindo a cópia de páginas de texto e tornando os livros mais acessíveis. A invenção da prensa marcou o fim da era dos livros copiados à mão, que eram caros e raros, e iniciou uma revolução na comunicação ao difundir o conhecimento entre mais pessoas.
Triaxial accelerometer based fall detection method using a self-constructing ...
The document proposes a cascade-AdaBoost support vector machine (SVM) classifier to complete a triaxial accelerometer-based fall detection method. The method uses acceleration signals from daily activity data to calculate feature values from a sliding window as input vectors. The cascade-AdaBoost-SVM algorithm then self-constructs based on the training vectors, with each AdaBoost layer selecting optimal weak classifiers to form a strong classifier, accelerating testing processing speed by only using selected features. Experimental results using data from ankle, chest, and waist accelerometers showed the proposed method achieved the highest accuracy, detection rate, and lowest false alarm rate compared to other classifiers.
6.Materi Java Eclipse 6
This document discusses the key concepts of object-oriented programming (OOP) in Java, including abstraction, encapsulation, inheritance, and polymorphism. It defines each concept and provides examples. Abstraction allows a program to focus on core aspects without revealing implementation details. Encapsulation ensures users cannot change an object's state in an invalid way and only defined methods can access the state. Inheritance allows properties and methods from a parent class to be inherited and reused in child classes. Polymorphism allows the same message to produce different responses based on the object's type.
Financial Reporting Fraud Flags
This document discusses red flags that may indicate financial reporting fraud, including common fraud schemes, investigation techniques, and case studies. It identifies key red flags such as unusual journal entries, failing to meet debt covenants, lack of documentation, and resisting inquiries. The document advises developing evidence but avoiding accusatory questions, notifying counsel, and submitting a factual report once an investigation concludes.
Taller
El documento presenta información sobre segmentación de mercados. Discute los mercados más competitivos como el de teléfonos móviles, con Samsung, Apple y otras empresas como los principales vendedores. Proporciona tablas sobre las ventas de automóviles y bebidas no alcohólicas en el Valle del Cauca, identificando a Renault y la gaseosa como los líderes de mercado. También analiza cómo las empresas se ven afectadas por los factores macro y microeconómicos actuales en Colombia. Finalmente, incluye una ficha técn
A New Approach To Customer Service @ FR
The document discusses Ryanair's approach to customer service and proposes changes to create a more customer-focused culture. It analyzes the importance of customer service, how to create an excellent customer service culture through policies, training, and empowering employees, and how to implement cultural changes. Potential benefits of upgrading customer service include a more stable customer base and positive reputation, but costs may be high and the changes could dilute Ryanair's low-cost brand.
It Sizing for Aras on Azure, Hybrid or On-site Deployments
Presenter, Mike Butz Sr and Bill Bone, CloudSAFE
Learn about different application delivery options. Find out how to select and optimize IT infrastructure for the best cost/performance depending on different deployment scenarios. Hear best practices and real world case studies including how Aras uses CloudSAFE for their own private cloud operations.
Viewers also liked (17)
Triaxial accelerometer based fall detection method using a self-constructing ...
Triaxial accelerometer based fall detection method using a self-constructing ...
It Sizing for Aras on Azure, Hybrid or On-site Deployments
It Sizing for Aras on Azure, Hybrid or On-site Deployments
Similar to Gaming Conference Presentation 2002
Psychology and behavioral finance
Behavioral finance acknowledges that investors are not perfectly rational and takes into account psychological factors that influence behavior. Some common behavioral quirks exhibited by investors include overconfidence, loss aversion, anchoring, regret, and herding behavior. While laboratory experiments show evidence of these quirks, questions remain about whether they apply outside the lab and how they aggregate in financial markets. Herding behavior, where investors follow the actions of others, can potentially explain bubbles when many investors exhibit the same behavioral biases.
Nyft spresentation
Leigh A. Drogen is the founder and CEO of Estimize, which provides financial data and analytics. Some key points:
- Estimize aggregates earnings estimates from over 2,300 buy-side and independent analysts and sells this data.
- The platform allows users to rank and rate analysts based on the accuracy of their estimates and other statistical measures. It also allows filtering and alerting on consensus estimates.
- Raising funding for Estimize was challenging. Drogen emphasizes the importance of execution over ideas, hustle over skill, recruiting talent, and gaining investor belief during difficult periods of running out of money early on.
Peter Levitan - How To Negotiate
Most of us, including advertising agencies, do not know how to negotiate. This presentation provides a path to sucess.
Instilling the Right Credit Risk Culture
As the Comptroller's Handbook states, "a bank’s first defense against excessive credit risk is the initial credit-granting process, sound underwriting standards, an efficient, balanced approval process, and a competent lending staff." The start of a new year is the perfect time to review and improve your credit risk culture.
Garrett Morris, director of consulting at Sageworks, discussed the key elements of a strong credit risk culture, including:
-Three Ps of credit analysis
-Five Cs of credit
-Five Cs of data collection
-12 questions to ask at your institution
Director Risk Mgmt October 2009
This program was developed to assist individual directors in managing the risk of being a public company director in today's difficult economic and regulatory environment.
Management Internal Theft Workshop[1]
This document summarizes key topics from a management workshop on internal theft and loss prevention. It discusses how internal theft is one of the most serious problems companies face, with estimates that 40-70% of losses are due to dishonest employees. Common reasons employees steal include job frustration, personal need, and opportunities when companies don't enforce proper procedures or policies. The document provides tips for management to reduce theft risks, such as ensuring physical security controls are in place, conducting background checks on employees, monitoring high-risk areas, and shaping a positive attitude towards loss prevention culture and policies.
4 the not so trivial pursuit of full alignment
This document discusses the importance of organizational alignment and the dangers of misalignment. It argues that misalignments, if left unaddressed, can grow and seriously undermine an organization's performance, efficiency and ability to adapt. The document identifies some common sources of misalignment, such as misaligned expectations, capabilities, responsibilities and goals. It stresses that leaders have a responsibility to identify and resolve misalignments in order to build high-performing organizations.
Amazing Facts about big 4 accounting firms
The Big Bang Theory - Amazing Facts about big 4 accounting firms.
http://yogeshgoel.blogspot.com
http://123net.blogspot.com
26 facts about_big_4
The document discusses several controversial facts about the big four accounting firms - KPMG, PricewaterhouseCoopers, Deloitte, and Ernst & Young. It notes that while they set global standards for transparency, their ownership is highly secretive. It also lists numerous fines the firms have paid for ethical violations and compromising their independence. Finally, it questions why they are still hired in India despite these issues and their dubious advice and influence over government decisions.
Amazing facts about_big_4_accounting_firms
This document summarizes information about the big four accounting firms: KPMG, PricewaterhouseCoopers, Deloitte, and Ernst & Young. It notes that they set global standards but their ownership is secret. It also states that they have paid billions in fines for issues like compromising independence and improper accounting practices when working with clients. The document questions why they are still respected in India and hired as advisors to the government despite these issues and credentials. It encourages spreading awareness about their activities.
Amazing Facts About Big 4 Accounti
The document discusses several controversial facts about the big four accounting firms - KPMG, PricewaterhouseCoopers, Deloitte, and Ernst & Young. It notes that while they set global standards for business transparency, the ownership of these firms is highly secretive. It also lists many fines and investigations these firms have faced for actions such as compromising independence, booking bogus sales, and assisting with asset stripping. The document questions why these firms, with their suspect competency and advice, continue to be respected by governments and large companies in India.
Amazing_Facts_about_big_4_accounting_firms
The big 4 accounting firms - KPMG, PricewaterhouseCoopers, Deloitte, and Ernst & Young - are known for setting global standards but their ownership is secret. While present in over 120 countries, each firm is headquartered in a tax haven. They have paid billions in fines for issues like compromising independence and insider trading. The firms provide consulting to governments but have also been innovative in unethical accounting practices. There is a call to increase public awareness of their activities and influence.
Amazing_Facts_about_big_4_accounting_firms
The big 4 accounting firms - KPMG, PricewaterhouseCoopers, Deloitte, and Ernst & Young - are known for setting global standards but their ownership is secret. While present in over 120 countries, each firm is headquartered in a tax haven. They have paid billions in fines for issues like compromising independence and insider trading. The firms provide accounting advice to the Indian government but their competency is questionable as they have been involved in practices like bogus sales and asset stripping. However, they continue to be respected in India because the public is not aware of these issues regarding the big 4 accounting firms.
Employee Fraud Prevention and Remedies
A review of common fraud areas that occur in closely held businesses, how to prevent them and what your legal remedies are if you are a victim of fraud.
See No Evil Hear No Evil
The document discusses why people often fail to report or act on signs of wrongdoing they observe in organizations. It provides examples of accounting staff who discovered fraud at their company but did not report it until $40 million had been stolen. The document suggests that pressure to achieve short-term financial goals can cause managers to ignore problems and misconduct. Reward systems focused only on quarterly profits create incentives for concealment of issues rather than addressing them. Overall, the document examines why people remain blind to fraud and why signs of problems go unheeded within companies.
People prospectus executive summary
JOINT VENTURES MERGERS AND ACQUISITIONS
INTERNAL ORGANIZATIONAL HEALTH CHECKS
Your FINANCIAL DUE DILIGENCE is Left-Brain
Your PEOPLE DUE DILIGENCE is Right-Brain
If you are only doing a Financial Due Diligence and ignoring the PEOPLE SIDE OF THE DEAL, you are doing your Due Diligence
WITH HALF A BRAIN
You need to DETECT PEOPLE PROBLEMS BEFORE YOU INVEST
Exploiting Fundraising Opportunities For Entrepreneurs
This document provides advice on fundraising for entrepreneurs. It discusses various sources of funding, including venture capital, angel investors, seed funding, and private equity. It emphasizes that fundraising requires having a scalable business model with a large addressable market and unique strategy. It also stresses the importance of commitment to the business from the entrepreneur and having some traction in terms of revenues, usage, or team before seeking funding. The document advises entrepreneurs to be wary of false interest from investors and influencers, and cautions that fundraising is very competitive with VC firms receiving hundreds of plans per month but only investing in one.
Board Taboos-FW REPRINT-DEC2014
This document discusses uncomfortable topics that boards often avoid discussing fully. It identifies several "taboo topics" that boards should examine more closely to better understand risks, prioritize key issues, and ensure the right strategic decisions are being made. These include overreliance on management information, ensuring urgent issues don't overwhelm important long-term planning, examining human capital strategies, assessing risks of disruption, and periodically reevaluating business models to identify opportunities. Facing these challenging issues head-on can help boards and management teams make more informed choices.
Black Holes and Taboos: Dealing with Difficult and Delicate Issues
Black Holes and Taboos: Dealing with Difficult and Delicate IssuesGary Patterson, Find the Blind Spot Before It Finds You
You talked—and we listened! Last year, participants at the 2014 National Associate of Corporate Directors (NACD) Board Leadership Conference identified a list of the most uncomfortable topics for board directors. These key topics led to an article entitled Boardroom Black Holes and Taboos, an eye-opening collection of places that directors fear to tread. But is avoiding these topics really the best way to govern your board?
http://www.conferenceboard.ca/e-library/abstract.aspx?did=7075
The operating context for boards and the companies they serve is increasingly complex. Highly effective boards can't allow themselves to ignore difficult topics, or let the status quo get in the way of effective governance. Directors must also have the grace and discretion to address some topics in a way that will not risk poisoning the dynamic and discussions at the board table.
Join the article’s author Gary W. Patterson, as he summarizes the key findings and explores the areas where boards have the most difficulty. Gary explores the key black holes and taboos facing boards today, and provides suggestions for how directors can overcome some of the most challenging discussions. Attendees will receive tangible take-aways to help Chairs, Directors and senior executives that work with the board identify potential areas of concern, and how to best approach these areas so that your team is ready to tackle any issue, no matter how uncomfortable.
Webinar Highlights
In this 60 minute recorded webinar, Gary examines:
•The original 20 black holes and taboos suggested by NACD participants,
•Further analysis on the most prevalent issues,
•The need to prioritize and address common issues raised, and
•How this external process can support your boardroom desire for good governance impact and outcomes.
http://www.conferenceboard.ca/e-library/abstract.aspx?did=7075
About Gary
Gary W. Patterson, the FiscalDoctor®, helps find million-dollar blind spots: before they find you—to build sustainable profitable growth. He has worked with the Fortune 500 and methodically helped two companies reach the coveted INC 500 list. He was the global IT and supply chain re-engineering project head for HH Robertson (UK), selected a premiere site by JD Edwards. Gary is a Stanford MBA/KPMG Big 4 CPA; author of four books in the areas of business growth, strategy and risk; and recognized thought leader by “Financial Times” ExecSense presentations service.
The original article is also available to download at http://www.fiscaldoctor.com/?p=1678Fraud+Indicators(1)
This document outlines 6 main indicators of fraud: accounting anomalies, internal control symptoms, analytical symptoms, lifestyle symptoms, behavioural symptoms, and tips/complaints. It provides examples for each indicator and explains that combining information from all categories enhances fraud detection capabilities. Vigilance is needed as fraud symptoms often go unnoticed or unpursued.
Similar to Gaming Conference Presentation 2002 (20)
Exploiting Fundraising Opportunities For Entrepreneurs
Exploiting Fundraising Opportunities For Entrepreneurs
Black Holes and Taboos: Dealing with Difficult and Delicate Issues
Black Holes and Taboos: Dealing with Difficult and Delicate Issues